June 2, 2021
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15:12Now PlayingWill There be a fourth stimulus check or is the 4th stimulus check dead on arrival?
President Biden has told congress to decided on whether to included a fourth stimulus check in the build back better plan or the American families plan. The price of gas and beef could be going up this summer. A beef production plant that supplies 20% of all beef to the US was hacked with ransomware. This could cause the price of beef to rise as the plants are shut down. Gas prices could also rise as Biden has order the cancellation of oil and gas leases in Alaska while at the same time it was learned over 1 million barrels of oil were purchased from Iran. The US hasn't bought oil from Iran since 1991. Democrats want to get rid of the filibuster so they can push through their parities agenda items. Republican's want to spend $928 billion on infrastructure but only on infrastructure. A new TransUnion suvery showed 4 out of 10 Americans aren't earning what they were 1 year ago. Many used stimulus checks to pay bills, pay down debt, put food on the table and give themselves housing stability. The May jobs report comes out next week and will give insight into whats going on with the economy. Washington DC uses jobs data to form policy so this will be a big report.
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Important topics Stephen covers from the news:
- Fourth Stimulus Check Update
- Important Updates From Congress
- The Stock Market
- Child tax credit 2021
- IRS tax refunds
- Student Loan Forgiveness
- IRS stimulus checks
- 4th & 5th Stimulus Check Update
- Unemployment tax situation
- President Biden's Build Back Better Infrastructure Bill
- President Biden's American Families Plan
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